Press release: Roch bill gives tax break to retired military

Military retirees in living in New Mexico may see their state income tax burden reduced under a bill introduced this week in the State House by Representative Dennis Roch (R-Texico). House Bill 162 proposes to exempt twenty-five percent of a retiree’s military pension income from the state’s personal income tax, with that percentage increasing to […]

Everybody’s business: Dispelling myths about tax obligations

A new year approaches and one is ending. The annual ritual of reporting income and expenses to the federal government will soon be upon us. Take time this month to prepare for tax time over the next four months. Here are a few tips that may reduce stress and dismiss myths of tax obligations. • […]

Letters to the editor: Tax revenues could be better spent

Tax revenues could be better spent What a contrast in the two big items on the front page of Thursday’s CNJ: The Hotel Clovis project is under way because there was money found to fund it, but the dairy festival is called off because of the tough economy. Do you think anyone noticed that funding […]

Obama’s tax campaign has no credibility

Freedom New Mexico Yes, President Barack Obama, it is time to panic. Advice to “panic” was given to Obama by close ally James Carville, former advisor to President Bill Clinton, after Republicans won the special election in New York’s ultra liberal Ninth District this month with a candidate who ran an anti-Obama campaign. The Ninth […]

Obama plan over-taxes wealthy

Freedom New Mexico President Barack Obama wants to correct government overspending by over-taxing. He is proposing a combination of cuts and tax increases, the latter accomplished by setting his sights on those earning $250,000 and up. We’ve heard Obama’s class warfare rhetoric before. That may be why the president deemed it necessary to deny the […]

Commission OKs property tax rates

Freedom New Mexico Curry County Commissioners on Thursday approved new property tax rates for 2011 that should mean no increases or only slight increases to most property owners, according to County Assessor Tim Lyman. Lyman said the new rates do include an increase to some Melrose property owners of about 4 mils. That increase to […]

Press release: Bingaman talks fuels tax, president’s address

WASHINGTON – U.S. Senator Jeff Bingaman today talked with New Mexico radio reporters about a variety of issues. Bingaman’s remarks can be retrieved by going to his website or clicking on the following link: http://bingaman.senate.gov/mediaasset/bingaman090711m.mp3 00:00 – Bingaman comments on Obama’s decision to delay EPA regulations on smog standards. 03:02 – Bingaman says the Congress […]

Tax reform, cuts would provide economic push

Freedom Newspapers Tax reform is in the air. One proposal floating around is to eliminate or reduce the tax deduction for home mortgage interest. About 35 million homeowners use the deduction to reduce their yearly tax bills. The total deduction amounts to about $131 billion a year. During the recent wrangling in Washington over the […]

Letters to the editor: U.S. manufacturing industry gone

U.S. manufacturing industry gone My tennis shoes were looking a little raggedy, so I went shopping over the tax-free weekend. My main criteria was that my new shoes be made in the USA and not fluorescent purple or pink (actually just a plain ol’ white pair of tennis shoes). I went to numerous stores, but […]

State tax-free holiday begins midnight Friday

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CNJ photo illustration: Gabriel Monte The tax holiday begins at 12:01 a.m. on the first Friday of August and concludes midnight Sunday. Kevin Wilson For the seventh year in a row, back-to-school shopping will be slightly less taxing. Numerous merchants in New Mexico are getting set for the state’s tax-free holiday. According to the state’s […]